Fortress Investment Group related stories
All articles and analysis
Blackstone in $1bn insurance dealInvestment firm Lindsay Goldberg has agreed to sell US insurance broker Alliant to Blackstone, after having purchased the company from GTCR Golder Rauner two years ago. Sources say the deal is worth roughly $1.2 billion.
- EMI agrees to £2.4bn Terra Firma bid
The world’s third largest recording company, EMI, has accepted a £2.4 billion, eleventh-hour bid from UK private equity firm Terra Firma.
- Blackstone offering doubles to almost $8bn
The Blackstone Group has set a price range for its public offering, which has the potential to raise up to $4.8 billion; following news that the firm will sell a $3 billion stake to the Chinese government, it means Blackstone is set to raise nearly $8 billion by selling shares of its management company.
- Lehman to float fund of funds
The investment bank is working to raise $500 million by selling shares in a Euronext-listed portfolio of direct and indirect private equity investments.
- China to buy stake in Blackstone
In a startling development, a soon-to-be established state investment company of the People’s Republic of China will make a $3 billion investment in Blackstone as the alternative investment giant prepares to go public. Blackstone’s Schwarzman is calling the deal a ’paradigm shift in global capital flows’.
- Oaktree to list on new Goldman exchange
US alternative asset manager Oaktree Capital is to list 13 percent of itself on a private market being developed by investment bank Goldman Sachs.
- Latest Fortress fund more than halfway to $5bn target
Fortress has completed a $2.84 billion closing on its latest fund with a $5 billion target. The publicly traded alternative investment firm simultaneously announced a $3.5 billion deal.
- Oak Hill augments aviation assets(2)
Oak Hill Capital has placed a $1.4 billion order for six Boeing 777 freight planes, which the Robert Bass-led firm will then lease. The planes will add to the firm’s existing portfolio of 25 passenger aircraft.
- TPG mulls sale to pensions(2)
US private equity firm TPG is exploring the possible sale of a minority stake in the firm to major state pension funds.
- Dolphin makes splash in Cyprus(2)
Dolphin Capital Investors, the Fortress-backed private equity firm that focuses on Southeast Europe, is acquiring Aristo Developments for a total of €438m.